Month: July 2020
Chapter 7 bankruptcy: Credit issues often connected
Many Tennessee residents understand what it is like to experience ups and downs regarding their finances. It is not uncommon for people to have several years in a row where they feel financially comfortable and things are going well, then hit a stumbling block when expected issues arise that put a strain on their finances.
Heavy medical debt can take away everything
If you get sick or seriously injured, you might have to prepare for hefty bills. Your health insurance may require you to pay a high deductible or refuse to cover specific procedures or treatments — if you have insurance at all. Every year, through no fault of their own, thousands of people in eastern Tennessee
Creditor harassment can be a problem
The phone rings — again. Apprehension fills the air as the Tennessee resident worries about who is on the other end. Every day, numerous individuals face financial struggles as they attempt to pay their bills. These struggles are then multiplied as creditors start to call and creditor harassment becomes a problem. At times, these calls
Preventing mortgage foreclosure – it is necessary to address the problem
Ignoring the problem will not make it go away. As a Tennessee family struggles to pay their mortgage, the natural inclination is to think that things will get better and that the problem will go away. In some cases, this will happen; however, as many families continue to struggle and sink deeper into problems with
Bankruptcy means test required for Chapter 7 bankruptcy
Deciding which type of bankruptcy is appropriate is more complicated than simply checking a box on a form. Chapter 7, Chapter 13 and Chapter 11 may all be possibilities. However, determining which one is the appropriate choice does take some thought. Additionally, if the individual is considering Chapter 7 bankruptcy, he or she will need
Should homeowners use equity for debt relief?
Overwhelmed Tennessee homeowners may look to various sources for help when they are facing debt they can no longer manage. For some, it may seem like a reasonable solution to tap into their home equity to pay off debt and address specific balances. However, this is not always the most prudent option for debt relief
Chapter 7 bankruptcy can help start the rebuilding process
Fear often prevents one from taking action. Yet, by not taking action, the problem remains and the fear and stress associated with it continues to build. The fear associated with filing for Chapter 7 bankruptcy often causes the Tennessee resident to continue sinking deeper in debt rather than taking a step forward and beginning the
Creditor harassment can be a problem
The phone rings — again. Apprehension fills the air as the Tennessee resident worries about who is on the other end. Every day, numerous individuals face financial struggles as they attempt to pay their bills. These struggles are then multiplied as creditors start to call and creditor harassment becomes a problem. At times, these calls
Bankruptcy can prevent mortgage foreclosure
Financial prospects look dim and many Tennessee residents are afraid that they will soon lose the family homes. A job loss, medical bills or other financial setbacks can make it difficult to keep up with mortgage payments. For those facing unmanageable circumstances, the focus shifts to trying to find a way to prevent mortgage foreclosure.